USD/SEK - 1H - Technical analysis published on 04/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 9.4646 SEK
My targets
9.5080 SEK (+0.0327)
9.5558 SEK (+0.0805)
My analysis
The bullish trend is currently very strong on USD/SEK. As long as the price remains above the support at 9.4646 SEK, you could try to benefit from the boom. The first bullish objective is located at 9.5080 SEK. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.5558 SEK as an objective. Crossing it would then enable buyers to target 9.6650 SEK. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
USD/SEK rating 9.4753 SEK. The price registered a decrease of -0.13% on the session and was traded between 9.4458 SEK and 9.4986 SEK over the period. The price is currently at +0.31% from its lowest and -0.25% from its highest.9.4458
9.4986
9.4753
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of USD/SEK in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
On the 18 technical indicators analysed, 6 are bullish, 7 are neutral and 5 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.3911 | 9.4307 | 9.4646 | 9.4753 | 9.5080 | 9.5558 | 9.6650 |
| Change (%) | -0.89% | -0.47% | -0.11% | - | +0.35% | +0.85% | +2.00% |
| Change | -0.0842 | -0.0446 | -0.0107 | - | +0.0327 | +0.0805 | +0.1897 |
| Level | Intermediate | Minor | Minor | - | Minor | Intermediate | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.2984 | 9.3446 | 9.4160 | 9.4622 | 9.5336 | 9.5798 | 9.6512 |
| Camarilla | 9.4552 | 9.4659 | 9.4767 | 9.4875 | 9.4983 | 9.5091 | 9.5198 |
| Woodie | 9.3111 | 9.3509 | 9.4287 | 9.4685 | 9.5463 | 9.5861 | 9.6639 |
| Fibonacci | 9.3446 | 9.3895 | 9.4172 | 9.4622 | 9.5071 | 9.5348 | 9.5798 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.8874 | 9.0583 | 9.2139 | 9.3848 | 9.5404 | 9.7113 | 9.8669 |
| Camarilla | 9.2796 | 9.3095 | 9.3395 | 9.3694 | 9.3993 | 9.4293 | 9.4592 |
| Woodie | 8.8797 | 9.0545 | 9.2062 | 9.3810 | 9.5327 | 9.7075 | 9.8592 |
| Fibonacci | 9.0583 | 9.1831 | 9.2601 | 9.3848 | 9.5096 | 9.5866 | 9.7113 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.2146 | 8.7219 | 9.0552 | 9.5625 | 9.8958 | 10.4031 | 10.7364 |
| Camarilla | 9.1572 | 9.2343 | 9.3114 | 9.3884 | 9.4655 | 9.5425 | 9.6196 |
| Woodie | 8.1275 | 8.6784 | 8.9681 | 9.5190 | 9.8087 | 10.3596 | 10.6493 |
| Fibonacci | 8.7219 | 9.0430 | 9.2414 | 9.5625 | 9.8836 | 10.0820 | 10.4031 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 55.02 | |
| MACD (12,26,9): | 0.0096 | |
| Directional Movement: | 3.0684 | |
| AROON (14): | 0 | |
| DEMA (21): | 9.4819 | |
| Parabolic SAR (0,02-0,02-0,2): | 9.5028 | |
| Elder Ray (13): | -0.0024 | |
| Super Trend (3,10): | 9.4291 | |
| Zig ZAG (10): | 9.4749 | |
| VORTEX (21): | 1.0958 | |
| Stochastique (14,3,5): | 39.68 | |
| TEMA (21): | 9.4815 | |
| Williams %R (14): | -40.72 | |
| Chande Momentum Oscillator (20): | -0.0075 | |
| Repulse (5,40,3): | 0.0903 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0204 | |
| Courbe Coppock: | 0.28 |
| MA7: | 9.4027 | |
| MA20: | 9.4532 | |
| MA50: | 9.4394 | |
| MA100: | 9.2688 | |
| MAexp7: | 9.4725 | |
| MAexp20: | 9.4676 | |
| MAexp50: | 9.4465 | |
| MAexp100: | 9.4234 | |
| Price / MA7: | +0.77% | |
| Price / MA20: | +0.23% | |
| Price / MA50: | +0.38% | |
| Price / MA100: | +2.23% | |
| Price / MAexp7: | +0.03% | |
| Price / MAexp20: | +0.08% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | +0.55% |
Quotes :
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Real time data
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Forex
This member declared not having a position on this financial instrument or a related financial instrument.
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